$0.00 0.00 (0%)
11/12/2009 9:36 AM

Brooke Corp (BXXX)

CAPS Rating: No stars

The Company sells insurance, financial services and funeral services to individuals and small businesses through its network of franchised locations and also conduct limited self-insurance operations and is positioned to conduct reinsurance operations.

Recs

1
Member Avatar PecosJack (< 20) Submitted: 7/13/2007 8:12:06 PM : Underperform Start Price: $12.14 BXXX Score: +74.96

Franchise organization who's news is new litigation leadership - they live by suing their franchisees, taking back the "book of business" and then reselling it to a new franchisee. The franchise fees show as income and become a receivable which never quite gets paid off so they sue the agent and do it all over again. Heckuva business plan.

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